Good Morning Crypto Enthusiasts!

Glad to have you back for another edition of the UseTheBitcoin.com newsletter.

1. Bitwise Files XRP ETF: Bitwise has registered an XRP exchange-traded fund (ETF) trust in Delaware, marking a significant step toward launching an XRP ETF, although it may take months for SEC approval.

2. Binance Fully Available in Argentina: Binance has become fully operational in Argentina after gaining registration as a virtual asset service provider with the country’s National Securities Commission.

3. Indonesian NFT Stamps: Indonesia's postal service, Pos Indonesia, has launched its first NFT postage stamp, named "Cenderawasih," which features a bird of paradise.

4. 💡Feature of the Day - Expanding USDC Access in APAC: MHC Digital Group has partnered with Circle to expand access to USD Coin (USDC) for institutional investors in Australia and the broader Asia-Pacific region.

   
   All this and more in today’s headlines!

📰 News Highlights:

Bitwise Files XRP ETF [Source][Source][Source]

Bitwise, a crypto-focused asset manager, has registered an XRP exchange-traded fund (ETF) trust in Delaware. The registration, confirmed on September 30, lists CSC Delaware Trust Company as the registered agent, located in Wilmington, Delaware.

Although this registration is a step toward launching an XRP ETF, it does not guarantee an immediate filing with the U.S. Securities and Exchange Commission (SEC), which could take months.

If approved, the ETF could allow institutional investors to gain exposure to XRP in a regulated way, boosting adoption.

The idea of an XRP ETF has been circulating for months, especially after a false filing for a "BlackRock iShares XRP Trust" caused a price surge in November 2023.

Binance Fully Available in Argentina [Source][Source][Source]

Binance, the world’s largest crypto exchange, is now fully operational in Argentina after securing registration with the country’s National Securities Commission (CNV) as a virtual asset service provider (VASP).

This marks Binance’s 20th regulatory registration globally, following approvals in countries like Kazakhstan, India, and Indonesia. The exchange’s full suite of services, including its mobile app and website, is now available to Argentine users.

This development follows the release of Binance founder and former CEO Changpeng Zhao from a U.S. prison after serving four months for Anti-Money Laundering violations.

However, Zhao is prohibited from managing or operating the exchange, with current CEO Richard Teng stating that Zhao received a lifetime ban from doing so.

Indonesian NFT Stamps [Source]

Indonesia’s state-owned postal service, Pos Indonesia, has introduced its first-ever postage stamp with a non-fungible token (NFT) counterpart.

The NFT stamp, named "Cenderawasih," features the "bird of paradise" and comes with both a physical and digital version.

The stamps are available as part of a booklet, blending traditional postal services with modern blockchain technology.

The introduction of NFT stamps comes at a time when interest in digital collectibles has declined, with September marking the lowest monthly sales volume for NFTs since January 2021.

💡 Feature of the Day:

Expanding USDC Access in APAC [Source][Source]

MHC Digital Group and Circle have announced a partnership to expand the distribution of Circle’s USD Coin (USDC) to institutional investors in Australia and the broader Asia-Pacific region.

MHC Digital aims to provide cost-effective USDC access to wholesale clients, including high-net-worth individuals, hedge funds, and crypto businesses, through an over-the-counter trading service.

Mark Carnegie, MHC Digital’s founder, believes USDC could help Australian pension funds save millions in foreign exchange trading fees.

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See you all tomorrow’s edition!

Jonathan Gibson
UseTheBitcoin.com